H&R Real Estate Investment Trust (TSE:HR.UN) Cut to Sector Perform at National Bank Financial

National Bank Financial lowered shares of H&R Real Estate Investment Trust (TSE:HR.UN) from an outperform rating to a sector perform rating in a research note published on Thursday morning,BayStreet.CA reports. National Bank Financial currently has C$11.50 target price on the real estate investment trust’s stock, down from their prior target price of C$12.25.

H&R Real Estate Investment Trust Trading Down 1.4%

Shares of TSE:HR.UN opened at C$10.35 on Thursday. H&R Real Estate Investment Trust has a 12-month low of C$9.39 and a 12-month high of C$12.25. The stock has a market cap of C$2.74 billion, a PE ratio of -3.51 and a beta of 0.57. The business has a 50 day moving average of C$11.00 and a 200-day moving average of C$10.61. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN) last posted its earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 EPS for the quarter. The company had revenue of C$169.78 million for the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%. As a group, equities research analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.